Measuring Energy Security: Trends in the Diversification of Oil and Natural Gas Supplies

By Prakash Loungani, Frederick L Joutz, Gail Cohen

February 1, 2011

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Format: Chicago

Prakash Loungani, Frederick L Joutz, and Gail Cohen. Measuring Energy Security: Trends in the Diversification of Oil and Natural Gas Supplies, (USA: International Monetary Fund, 2011) accessed December 26, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

We present evidence on one facet of energy security in OECD economies - the extent of diversification in sources of oil and natural gas supplies. Viewed from the perspective of the energy-importing countries as a whole, there has not been much change in diversification in oil supplies over the last decade, but diversification in sources of natural gas supplies has increased steadily. We document the cross-country heterogeneity in the extent of diversification. We also show how the extent of diversification changes if account is taken of the political risk attached to suppliers; the size of the importing country; and transportation risk.

Subject: Consumption, Imports, Natural gas sector, Oil, Securities

Keywords: Country, Energy security, WP

Publication Details

Pages:

40
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2011/039
Stock No:

WPIEA2011039
ISBN:

9781455217878
ISSN:

1018-5941

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